Despite the recent turmoil, the technology sector continues to be investors’ hot favorite and is the clear winner so far. That said, ARK Innovation ETF (ARKK – Free Report) has topped the list of the best-performing ETFs of the first half of 2017, with impressive returns of about 45.7% (read: Is the Tech Rout Overstated? Buy 3 Stocks & ETFs on the Dip).

The impressive rally was mainly driven by encouraging industry fundamentals and the emergence of new technology such as cloud computing, big data, Internet of Things, wearables, drones, virtual reality devices and artificial intelligence. The dual tailwinds of a rising interest rate scenario and Trump’s proposed corporate tax reform, which could allow companies to bring back cash being held overseas at lower rates, have added to the strength.

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